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t December 31, 2021, the trading investments for Foress Inc. are as follows: Security Cost Fair Value A $18,500 $20,800 B 12,600 14,300 C 21,500

t December 31, 2021, the trading investments for Foress Inc. are as follows:

Security Cost Fair Value
A $18,500 $20,800
B 12,600 14,300
C 21,500 19,500
Totals $52,600 $54,600

(a)

Prepare the adjusting entry at December 31 to report the trading investment portfolio at fair value. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Date

Account Titles and Explanation

Debit

Credit

Dec. 31

enter an account title for the adjusting entry on December 31

enter a debit amount

enter a credit amount

enter an account title for the adjusting entry on December 31

enter a debit amount

enter a credit amount

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List of Accounts

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(b)

The parts of this question must be completed in order. This part will be available wh

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